credit

Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl

Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl
Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl
October 10, 2024  |  Loans

FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal...

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Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
October 10, 2024  |  SMBs

If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source...

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SoFi Adds Credit Cards Focused on Rewards and Credit Scores
SoFi Adds Credit Cards Focused on Rewards and Credit Scores
October 09, 2024  |  Credit Cards

SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning...

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Capital One Debuts AirKey to Help Banks Lock Out Fraudsters
Capital One Debuts AirKey to Help Banks Lock Out Fraudsters
October 09, 2024  |  Authentication

Capital One is offering its AirKey anti-fraud authentication tool to financial institutions. “Fraud is on the rise and costing billions in losses each year, making...

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Mercury Gets $100 Million Credit Warehouse for Corporate Card Business
Mercury Gets $100 Million Credit Warehouse for Corporate Card Business
October 09, 2024  |  Credit Cards

FinTech company Mercury secured a $100 million credit warehouse with Natixis Corporate & Investment Banking to grow its corporate credit card business. In the two...

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Lenders Must Overcome Application Friction to Grow Embedded Lending Share
Lenders Must Overcome Application Friction to Grow Embedded Lending Share
October 09, 2024  |  Payments Innovation

Embedded lending is all about the future of credit. As such, it has opportunities and challenges, even in developed markets like the United States. The...

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Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal & Regulation

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Credit Card Issuers Raise Rates Ahead of Late Fee Cap
Credit Card Issuers Raise Rates Ahead of Late Fee Cap
October 07, 2024  |  Credit Cards

Credit card issuers reportedly have been raising interest rates on the cards and adding new fees to make up for revenue they may lose from...

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